Nonprofit · EIN 46-5056625
DESERT COLLEGE FINANCING CORP
Tax-exempt · INDIO, CA 92201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,199,875 | $3,742,949 | $6,456,926 | $126,645,483 | $116,901,968 | $9,743,515 |
| June 30, 2024 | 990 | $3,727,113 | $1,111,690 | $2,615,423 | $105,598,531 | $102,311,942 | $3,286,589 |
| June 30, 2023 | 990 | $948,411 | $277,245 | $671,166 | $18,883,316 | $18,212,150 | $671,166 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,633,221
- Program service revenue
- $566,654
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $383,583
- Depreciation
- $2,242,184
- Program services (functional)
- $3,742,949
Balance sheet and other
- Total assets, start of year
- $105,598,531
- Total assets, end of year
- $126,645,483
- Total liabilities, end of year
- $116,901,968
- Net assets, end of year
- $9,743,515
- Land, buildings and equipment
- $86,079,735
- Net assets without donor restrictions
- $9,743,515
- Gross receipts
- $10,199,875
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VAL MARTINEZ GARCIA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RUBEN PEREZ | MEMBER Trustee or director | 1 | $0 |
| DIANE RUBIN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JAN HARNIK | MEMBER Trustee or director | 1 | $0 |
| JONATHAN NICKS | MEMBER Trustee or director | 1 | $0 |
| DIANA GUIJARRO | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA GARCIA EDD | SUPERINTENDENT/PRESIDENT Trustee or director, Officer | 1 | $0 |
| BONNIE STEFAN EDD | CHAIR Trustee or director, Officer | 1 | $0 |
| BEA GONZALEZ | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| RUBEN ARIAZTLAN PEREZ | MEMBER Trustee or director | 1 | $0 |
| JOEL L KINNAMON EDD | MEMBER Trustee or director | 1 | $0 |
| ISAAC ZARCO | STUDENT TRUSTEE Trustee or director | 1 | $0 |
| RONALD ODEN | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA GARCIA EDD | SUPERINTENDENT/PRESIDENT Trustee or director, Officer | 1 | $0 |
| BONNIE STEFAN EDD | CHAIR Trustee or director, Officer | 1 | $0 |
| BEA GONZALEZ | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| RUBEN ARIAZTLAN PEREZ | MEMBER Trustee or director | 1 | $0 |
| JOEL L KINNAMON EDD | MEMBER Trustee or director | 1 | $0 |
| ISAAC ZARCO | STUDENT TRUSTEE Trustee or director | 1 | $0 |
| RONALD ODEN | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 45524 OASIS STREET, INDIO, CA 92201-4375
- In care of
- % LISA HOWELL
- Principal officer (990 for 2024)
- RAYMOND WEST, 43-500 MONTEREY AVE, PALM DESERT, CA 92260
- Signed the 990
- RAYMOND WEST, INTERIM VICE PRESIDENT
- Phone
- (760) 773-2513
- Return prepared by
- NOVOGRADAC & COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 46-5056625 or by the name DESERT COLLEGE FINANCING CORP.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE ORGANIZATION WAS ORGANIZED FOR THE PURPOSE OF PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF INDIO, CA (THE "CITY"), INCLUDING THE DESERT COMMUNITY COLLEGE DISTRICT (THE "DISTRICT") AND OTHER LOCAL GOVERNMENT ENTERPRISES, THROUGH THE RENDERING OF FINANCIAL ASSISTANCE THERETO. THE ORGANIZATION WILL ACCOMPLISH THIS PRIMARILY THROUGH THE ACQUISITION, LEASING OR SELLING OF BUILDINGS, BUILDING IMPROVEMENTS, ETC. FOR THE BENEFIT OF RESIDENTS OF THE CITY, THE DISTRICT AND SURROUNDING AREAS.THE ORGANIZATION ACQUIRED A CERTAIN PARCEL OF REAL PROPERTY AND EXISITING FACILITIES SITUATED IN RIVERSIDE COUNTY, CALIFORNIA (THE "FACILITY") BY LEASE AND LEASED THE FACILITY BACK TO THE DISTRICT. THE FACILITY IS OPERATED AS AN EDUCATION CENTER BY THE DISTRICT.
Program accomplishments
- THE ORGANIZATION IS A QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESS UNDER INTERNAL REVENUE CODE SECTION 45D, AND HAS ENGAGED IN A NEW MARKETS TAX CREDIT TRANSACTION (THE "TRANSACTION"). THE TRANSACTION PROVIDES THE ORGANIZATION WITH A LONG-TERM LEASEHOLD INTEREST IN A STATE OF THE ART EDUCATION FACILITY (THE "FACILITY") SITUATED IN RIVERSIDE COUNTY, CA. THE ORGANIZATION ACQUIRED THE FACILITY BY LEASE AND LEASED THE FACILITY BACK TO THE DISTRICT.Expenses $3,742,949 · revenue $566,654
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-5056625
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $126,645,483
- Income (IRS master file)
- $10,199,875
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,199,875 | $3,742,949 | $126,645,483 | XML |
| 990 | June 2024 | $3,727,113 | $1,111,690 | $105,598,531 | IRS |
| 990 | June 2023 | $948,411 | $277,245 | $18,883,316 | IRS |
| 990 | June 2022 | $19,046,952 | $16,979,575 | $0 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-5056625).
Questions about DESERT COLLEGE FINANCING CORP
- What is the EIN of DESERT COLLEGE FINANCING CORP?
- The employer identification number (EIN) of DESERT COLLEGE FINANCING CORP is 46-5056625.
- Is DESERT COLLEGE FINANCING CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to DESERT COLLEGE FINANCING CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DESERT COLLEGE FINANCING CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DESERT COLLEGE FINANCING CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DESERT COLLEGE FINANCING CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DESERT COLLEGE FINANCING CORP?
- The 990 for the year ended June 30, 2025 names RAYMOND WEST.
- Who are the officers and directors of DESERT COLLEGE FINANCING CORP?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does DESERT COLLEGE FINANCING CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,199,875, expenses of $3,742,949 and total assets of $126,645,483 at year end.
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